This Past Week In Gold
Jack Chan
April 12th, 2008
GLD on sell signal.
SLV on sell signal.
GDX on sell signal.
XGD.TO on buy signal this week.
Summary
Only one out of four ETFs has a confirmed buy signal as of Friday. Next week is pivotal, as a breakout will see more buy signals, and a breakdown will likely indicate that the correction isnt over yet.
Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.
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